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The Business Method: Interviewing Billionaires, Billion Dollar Founders & the Worldโs Most Successful People ๐ง๐ฅ
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Ep.556 ~ BILLIONAIRE EPISODE | 72 Minutes of Wisdom from a Man That Built & Sold a $19 Billion Company ~ Drayton McLane
Manage episode 358651229 series 2363557
Hello everybody and welcome to The Business Method Podcast. Today, we have a very special guest that we get the fortunate opportunity to chat with. He started out at the ripe age of 9 years old in rural Texas working at his familyโs grocery business. During his teenage years he spent most Saturdayโs and Summers sweeping the floors and learning the inโs and outโs of the business until after graduating college where he then worked the night shift loading trucks for a year and a half.
He worked in the family business for nearly 5 decades running it as the CEO for 30 of those years and built that company into a wholesale grocery business worth $19 Billion dollars. In 1990, he sold the McLane Company to Sam Walton the founder of Walmart and became the Vice Chairman of Walmart. In 1992, he decided he needed a new challenge and purchased the Houston Astros baseball team, eventually taking the team to the World Series and building them a new stadium. His name is Drayton McLane and he is here on the podcast today, Drayton, welcome to the show!
00:23 Who is Drayton McLane?
01:56 A Billionaire's Networking Hack
05:53 Draytonโs Logic Behind Inviting Competitors in his Facility
07:27 Drayton on Starting Work at 9 Years Old
09:30 The Chapters of Draytonโs Road to Billions
14:05 Draytonโs Take on Entrepreneurs that Skip College and Start a Business
16:55 Helping CEO to be Better as a Member of the Board
22:08 Fears and Anxiety of a Billionaire
26:32 What Drayton Would Do If He Lost It All?
29:00 How Has Drayton Changed Due to Wealth
33:25 Should I Really Keep My Friends From Childhood?
36:22 How to Select Leaders?
42.53 Going From the Grocery Business to a Baseball Team Owner
45:44 How a Billionaire Starts His Day
48:51 Is Being an Entrepreneur Easier or Harder in Todayโs World?
50:49 If Drayton Had to Start All Over Again, What Business Would He Get Into?
53:08 Starting in a New Business That Has Never Been Done Before
58:10 Raising Entrepreneurial Children
01:00:52 Whatโs Great About Being a Billionaire & What Sucks About Being a Billionaire?
01:02:29 Book Every Entrepreneur Should Read
01:05:06 Who Drayton Recommends We Follow
Contact Info:
Website:
Subscribe to the Newsletter:
Stay Updated About Our Events for Founders & Billion Dollar Founder Episodes
Subscribe to the Podcast:
๐ง Website:
https://www.thebusinessmethod.com/
๐ Apple Podcasts:
http://bit.ly/TheBusinessMethod
๐ป Google Podcasts:
http://bit.ly/TheBusinessMethodGooglePodcasts
๐Spotify:
http://bit.ly/SpotifyTheBusinessMethod
Follow Chris Reynolds on Social Media:
Instagram: @chrisreynoldslive
Facebook: @chrisreynoldslive
YouTube: @chrisreynoldslive
LinkedIn: @chrisreynoldslive
648 ืคืจืงืื
Manage episode 358651229 series 2363557
Hello everybody and welcome to The Business Method Podcast. Today, we have a very special guest that we get the fortunate opportunity to chat with. He started out at the ripe age of 9 years old in rural Texas working at his familyโs grocery business. During his teenage years he spent most Saturdayโs and Summers sweeping the floors and learning the inโs and outโs of the business until after graduating college where he then worked the night shift loading trucks for a year and a half.
He worked in the family business for nearly 5 decades running it as the CEO for 30 of those years and built that company into a wholesale grocery business worth $19 Billion dollars. In 1990, he sold the McLane Company to Sam Walton the founder of Walmart and became the Vice Chairman of Walmart. In 1992, he decided he needed a new challenge and purchased the Houston Astros baseball team, eventually taking the team to the World Series and building them a new stadium. His name is Drayton McLane and he is here on the podcast today, Drayton, welcome to the show!
00:23 Who is Drayton McLane?
01:56 A Billionaire's Networking Hack
05:53 Draytonโs Logic Behind Inviting Competitors in his Facility
07:27 Drayton on Starting Work at 9 Years Old
09:30 The Chapters of Draytonโs Road to Billions
14:05 Draytonโs Take on Entrepreneurs that Skip College and Start a Business
16:55 Helping CEO to be Better as a Member of the Board
22:08 Fears and Anxiety of a Billionaire
26:32 What Drayton Would Do If He Lost It All?
29:00 How Has Drayton Changed Due to Wealth
33:25 Should I Really Keep My Friends From Childhood?
36:22 How to Select Leaders?
42.53 Going From the Grocery Business to a Baseball Team Owner
45:44 How a Billionaire Starts His Day
48:51 Is Being an Entrepreneur Easier or Harder in Todayโs World?
50:49 If Drayton Had to Start All Over Again, What Business Would He Get Into?
53:08 Starting in a New Business That Has Never Been Done Before
58:10 Raising Entrepreneurial Children
01:00:52 Whatโs Great About Being a Billionaire & What Sucks About Being a Billionaire?
01:02:29 Book Every Entrepreneur Should Read
01:05:06 Who Drayton Recommends We Follow
Contact Info:
Website:
Subscribe to the Newsletter:
Stay Updated About Our Events for Founders & Billion Dollar Founder Episodes
Subscribe to the Podcast:
๐ง Website:
https://www.thebusinessmethod.com/
๐ Apple Podcasts:
http://bit.ly/TheBusinessMethod
๐ป Google Podcasts:
http://bit.ly/TheBusinessMethodGooglePodcasts
๐Spotify:
http://bit.ly/SpotifyTheBusinessMethod
Follow Chris Reynolds on Social Media:
Instagram: @chrisreynoldslive
Facebook: @chrisreynoldslive
YouTube: @chrisreynoldslive
LinkedIn: @chrisreynoldslive
648 ืคืจืงืื
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